Retail and Quants Boost DEX Adoption as Institutions Stick With CEXs
Decentralized exchanges (DEXs) like Hyperliquid are gaining popularity among retail traders and quantitative traders, while institutional players continue favoring centralized exchanges (CEXs). Jamie Elkaleh, the CMO of Bitget Wallet, noted that retail traders are attracted by airdrop cultures and incentive systems, whereas quants appreciate low fees and programmable trading strategies.